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This precision components maker might raise ₹144cr in pre-IPO placement

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**This Precision Components Maker Might Raise ₹144 Crore in Pre-IPO Placement**

*By Dwaipayan Roy | Oct 05, 2025 – 06:42 PM*

Precision components manufacturer **Aequs Ltd** is planning to raise up to ₹144 crore through a pre-IPO placement. This fundraising move comes ahead of the company’s filing of its red herring prospectus (RHP), as it prepares for its initial public offering (IPO).

### IPO Structure and Placement Details

The IPO will consist of a fresh issue of equity shares worth up to ₹720 crore, along with an offer-for-sale (OFS) of up to 3.17 crore shares with a face value of ₹10 each. The pre-IPO placement, however, is capped at 20% of the fresh issue amount.

Pricing for this placement will be determined in consultation with the book running lead managers (BRLMs) overseeing the IPO process.

### Existing Shareholders and Offer-for-Sale (OFS)

Aequs’s current institutional investors include Amicus Capital Private Equity I LLP, Amicus Capital Partners, Amansa Investments Ltd, Steadview Capital Mauritius Ltd, Catamaran Ekam, and Sparta Group LLC.

In the upcoming OFS, **Amicus Capital** plans to offload the largest number of shares, approximately 2.7 crore, across its three funds. Additionally, the Melligeri Private Family Foundation and individual investor Ravindra Mariwala will be selling 13.1 lakh and 12.7 lakh shares respectively.

### Use of Proceeds

The company intends to utilize the net proceeds from the fresh equity issue for multiple purposes, including repayment of debt, capital expenditure, inorganic growth through strategic acquisitions, and general corporate purposes.

### Financial Performance in FY25

Aequs faced challenges in the fiscal year 2025, reporting a net loss of ₹102.3 crore — a significant increase from the ₹14.2 crore loss recorded in the previous fiscal year. Additionally, the company’s revenue declined by 4.2% year-on-year to ₹924.6 crore.

### Outlook

Despite recent financial setbacks, the upcoming IPO and the pre-IPO placement are expected to provide Aequs with essential capital to reduce debt and fund expansion initiatives. These steps are aimed at improving the company’s growth trajectory and returning to profitability in the future.
https://www.newsbytesapp.com/news/business/aequs-to-raise-144cr-in-pre-ipo-placement/story

OPEC might increase oil production a bit this November

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**OPEC May Slightly Boost Oil Production This November**

*By Dwaipayan Roy | October 5, 2025, 6:41 PM*

The Organization of the Petroleum Exporting Countries (OPEC) is reportedly close to finalizing a minor increase in oil production for November. According to delegates from key member countries, the group is likely to approve an output boost of approximately 137,000 barrels per day (bpd), maintaining the same increment as this month.

### Efforts to Regain Market Share

This decision comes as part of OPEC’s broader strategy to reclaim its share in the global oil markets. The group is gradually reintroducing halted production, adding back around 1.65 million bpd to the market after a larger tranche was recently restored. Despite this, oil prices have been hovering near a four-month low, underscoring the delicate balance OPEC and its allies must manage amid an oversupplied market.

### Market Overview: Prices and Supply Dynamics

Oil prices remain subdued as fresh supply enters a market still absorbing previous increases. There has been a noticeable build-up of unsold Middle Eastern cargoes, and futures market trends indicate near-term weakness ahead.

The International Energy Agency (IEA) has issued warnings about a looming record surplus, projecting that inventories will swell rapidly during the current quarter. These developments are driven by slowing global oil demand and expanding supply, particularly from producers in the Americas, with the IEA forecasting a historic surplus by 2026.

### Diverging Strategies within OPEC

Within OPEC, differing views are emerging regarding the pace and scale of production increases. The co-leaders, Saudi Arabia and Russia, have expressed contrasting perspectives.

Saudi Arabia, which has been most affected by previous production cuts now being reversed, is advocating for a more aggressive output increase to regain lost market share. Russia and other members, meanwhile, appear cautious about ramping up production too quickly, reflecting strategic differences within the group.

### Constraints on Spare Capacity

The recent series of production hikes has also spotlighted the limits of spare capacity within the OPEC alliance. Since May, eight key members have restored only about 60% of a planned 2.2 million bpd supply tranche.

This shortfall partly results from some countries offsetting prior periods of overproduction. More importantly, it suggests that certain members may already be operating near full capacity, limiting how much additional supply OPEC can effectively bring to the market in the near term.

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OPEC’s upcoming decision on November’s production levels will be closely watched by market participants as the group navigates a complex landscape shaped by supply constraints, internal strategic differences, and evolving global demand dynamics.
https://www.newsbytesapp.com/news/business/opec-nearing-deal-for-minor-oil-production-increase-report/story

Using Zoho Office Suite now must for Education Ministry officials

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**Education Ministry Mandates Use of Zoho Office Suite for All Official Work**

*By Dwaipayan Roy | Oct 04, 2025, 6:21 PM*

In a significant stride towards digital self-reliance, the Ministry of Education has issued a directive requiring all its officials to use the Zoho Office Suite for managing official documents. This initiative aligns with Education Minister Dharmendra Pradhan’s recent endorsement of Zoho’s messaging app, Arattai, and supports the government’s broader vision of promoting indigenous digital products.

### Embracing Atmanirbhar Bharat through Zoho

The decision reflects the government’s commitment to the Atmanirbhar Bharat (self-reliant India) campaign by reducing dependence on foreign software solutions. By adopting Zoho’s homegrown office productivity tools, the Ministry aims to strengthen India’s digital sovereignty and foster the growth of domestic technology companies.

### A Bold Step in the Swadeshi Movement

According to an official memorandum from the Department of Higher Education, this move represents a “bold step in the Swadeshi movement.” The circular emphasizes that embracing Zoho not only supports the nation’s self-reliance goals but also positions India more competitively in the global digital economy. The transition is seen as a critical shift from a service-based economy toward becoming a product-oriented nation.

### What is Zoho Office Suite?

Zoho Office Suite is an integrated online platform developed by Zoho Corporation, offering a comprehensive set of tools including Zoho Writer for documents, Zoho Sheet for spreadsheets, and Zoho Show for presentations. The Ministry has instructed all officers and staff to create, edit, and share official documents exclusively via this platform, integrated seamlessly with NIC (National Informatics Centre) mail.

### Training and Support for Smooth Adoption

To ensure a smooth transition, the circular advises all officials to familiarize themselves with Zoho’s collaborative features. For any technical assistance or onboarding support, staff are encouraged to reach out to the CMIS/NIC division.

The integration of Zoho Office Suite within the NIC mail ecosystem is designed to deliver a secure, user-friendly, and collaborative environment across government departments — marking a milestone in the digital transformation of India’s education sector.
https://www.newsbytesapp.com/news/business/indian-government-going-all-in-on-zoho-s-tools/story

Maserati’s MCPura supercar launched in India at ₹4cr

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**Maserati Launches MCPura Supercar in India Starting at ₹4 Crore**

*By Dwaipayan Roy | Oct 04, 2025, 02:32 PM*

Italian luxury automaker Maserati has officially launched its latest supercar, the MCPura, in India, with a starting price of ₹4.12 crore. The MCPura is an evolution of the acclaimed MC20 supercar and was first unveiled at the Goodwood Festival of Speed in July 2025.

### Powertrain and Performance

The MCPura and its convertible variant, the MCPura Cielo, are powered by Maserati’s 3.0-liter V6 turbo-petrol engine. This high-performance mid-engined powertrain delivers an impressive 630 horsepower and a peak torque of 720 Nm. Thanks to this robust engine, the coupe accelerates from 0 to 100 km/h in just 2.9 seconds, solidifying its status as a true road beast.

### Pricing and Market Positioning

The MCPura Cielo is priced ₹19 lakh less than the MC20 Cielo, which has been available in India since May 2025. This strategic pricing makes the MCPura a more accessible option for supercar enthusiasts looking to own a Maserati in the Indian market.

### Design and Aerodynamics

Both the coupe and convertible models showcase an aggressive design that has been meticulously refined with the help of Dallara, a renowned race car engineering firm. This collaboration has enhanced the aerodynamic efficiency, ensuring top-tier performance and stability at high speeds.

### Exclusive Aesthetic Features

Maserati has introduced a striking new color option named **AI Aqua Rainbow** for the MCPura and Cielo. This unique shade changes its hue under sunlight, producing a captivating rainbow-like effect. The coupe features a matte finish, while the convertible sports a glossy finish, adding to each model’s distinct appeal.

Notable design elements include:

– Signature butterfly wing doors
– Carbon fiber monocoque chassis
– Retractable glass roof on the convertible variant

### Interior Detailing

Inside, the MCPura’s cabin shares many similarities with the MC20. It boasts Alcantara seats accented with laser-etched 3D patterns, creating a luxurious and sporty atmosphere. The coupe’s interior details have a glossy finish, whereas the convertible version opts for a matte texture, providing subtle yet sophisticated contrasts.

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With its powerful engine, advanced aerodynamics, and bespoke design choices, the Maserati MCPura emerges as an exciting new supercar option for the Indian market — blending Italian craftsmanship with exhilarating performance.
https://www.newsbytesapp.com/news/auto/maserati-mc20-s-evolution-mcpura-supercar-launched-in-india/story

Maserati’s MCPura supercar launched in India at ₹4cr

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**Maserati Launches MCPura Supercar in India at ₹4.12 Crore**
*By Dwaipayan Roy | October 4, 2025, 2:32 PM*

Maserati has officially launched its latest supercar, the MCPura, in India with a starting price of ₹4.12 crore. This new model is an evolution of the renowned Maserati MC20 and was first unveiled at the Goodwood Festival of Speed in July. The Indian-spec MCPura mirrors its international counterpart in engine specifications and performance.

**Powertrain and Performance**
Both the MCPura coupe and its convertible variant, the MCPura Cielo, are powered by Maserati’s 3.0-liter V6 turbo-petrol engine. Delivering an impressive 630 horsepower and a peak torque of 720 Nm, these mid-engined supercars offer exhilarating performance. The coupe model accelerates from 0 to 100 km/h in just 2.9 seconds, emphasizing its true supercar credentials.

**Pricing and Market Positioning**
The MCPura Cielo is priced ₹19 lakh lower than the MC20 Cielo, which has been on sale in India since May. This pricing strategy makes the MCPura a more accessible option for supercar enthusiasts looking to experience Maserati’s cutting-edge performance and design.

**Design and Aerodynamics**
Both MCPura models boast an aggressive design, fine-tuned by the prestigious race car engineering firm Dallara to maximize aerodynamic efficiency. A standout aesthetic feature is the introduction of a unique new color option called AI Aqua Rainbow, which changes hue in sunlight to create a captivating rainbow-like effect. The coupe sports this shade in a matte finish, while the convertible features a glossy finish.

Additional design highlights include iconic butterfly wing doors, a lightweight carbon fiber monocoque chassis, and a retractable glass roof exclusive to the convertible model.

**Luxurious Interior**
Inside, the MCPura shares much of its cabin design with the MC20. It features Alcantara seats with intricate laser-etching that produce a three-dimensional effect. The coupe’s interior details have a glossy finish, contrasting with the matte accents in the convertible, adding layers of sophistication to Maserati’s latest supercar offering.

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Maserati’s MCPura successfully combines breathtaking performance, innovative design, and luxury, positioning itself as a thrilling new choice in India’s supercar segment.
https://www.newsbytesapp.com/news/auto/maserati-mc20-s-evolution-mcpura-supercar-launched-in-india/story